1) Gathering the data
P=$6200
F=7310
t= 3 yrs
2) Since it is a simple interest, it is a linear application. So we can find it using this formula:
Z = k * x
55 = k * 5
divide both sides by 5
11 = x
z = 11x
z = 11 * 12
z = 132
She has paid $460 after joining the gym for a year. First there is the joining fee of $100. Then $30 a month for a year is 30 x 12 which equals $360.
Part A:
A component is one voter's vote. An outcome is a vote in favour of our candidate.
Since there are 100 voters, we can stimulate the component by using two randon digits from 00 - 99, where the digits 00 - 54 represents a vote for our candidate and the digits 55 - 99 represents a vote for the underdog.
Part B:
A trial is 100 votes. We can stimulate the trial by randomly picking 100 two-digits numbers from 00 - 99. Whoever gets the majority of the votes wins the trial.
Part C:
The response variable is whether the underdog wants to win or not. To calculate the experimental probability, divide the number of trials in which the simulated underdog wins by the total number of trials.
